SBD emergency update 03.04.18
THIS could be it. The start of a new uptrend in SBD and STEEM.
The exchange rate is getting better fast. In the last 24 hours 72000 SBD were bought on the internal market for STEEM. The usual amount is only 5000 SBD.
This never happened in the last 90 days as you can see on steem.supply
SBD had a huge pump overnight and so did STEEM, but we all know that SBD is able to rise much faster than STEEM, because the supply is much smaller. This is why the exchange rate is dropping fast.
SBD exploded from 1.3$ to 3.4$ over night.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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Taking profits as the price moves up and will buy back / accumulate at low points
The times they are a changin!!
juhuuuuuuuuuuu, Coooool ;-)))))))))))
This is fucking great bro!!
I have my doubts this is sustainable.
I like you blockchin
I appreciate your cryptocurrency news
such a huge jump...sustainable?
Depends if it's a start of a new cycle or if it's a pump and dump by market influencers. It had more than likely finished it's trend downwards and was consolodating and trading sideways nicely for a week or two so it was bound to start back up sooner or later.
If it's a new cycle it'll jump up like this and retrace a bit then keep steeping up until it gets back up to highs of last time. However if you're comparing to USD highs it won't be as much because Bitcoin is way down right now.
I guess that's kind of a simplified statement... now time to run off and try to make some hard decisions. Is it a pump and dump or not?
I have nothing I can do with it anyway! I'm still building up power and have nothing to sell
Yay! Good times are coming
post was resteemed by @wayforhappiness
post was resteemed by @wayforhappiness
post was resteemed by @wayforhappiness
To the MOON!
